NOT LISTED FOR SALE

306 N Polk St Tullahoma, TN 37388

Estimated Value: $424,000 - $612,000

-- Bed
8 Baths
3,600 Sq Ft
$141/Sq Ft Est. Value

Last Sold March 28, 2023

Last sale price $413,000 $115 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,096/month

40 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Property has 1 Level
  • Cooling Available
  • Carpet

About This Home

As of March 2023

Great up-value opportunity! Quadplex located in the center of town. 100% occupancy. 2 bed / 1 bath, city water / sewer. All HVAC systems serviced in Jan 2023 by Tennsfield Heating & Air.

Last Agent to Sell the Property

Brian Brown

WEICHERT, REALTORS Joe Orr & Associates License # 278045 Listed on: 02/09/2023

WEICHERT, REALTORS Joe Orr & Associates

Last Buyer's Agent

Von Dotson

Keller Williams Realty - Murfreesboro License #285575

Keller Williams Realty - Murfreesboro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,329

Year Built

  • Built in 2010

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 86.5x200

Parking

  • Gravel Driveway

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Vinyl

Schools

  • East Lincoln Elementary School
  • East Middle School
  • Tullahoma High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $2,900
  • Assessor Parcel Number 124K C 02000 000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $1
  • Gross Income $34,800
  • Net Operating Income $34,799

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,329

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2010
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 3600
  • Building Area Units: Square Feet
  • Living Area: 3600
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Gravel

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Individual

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Res
  • Lot Size Acres: 0.4
  • Lot Size: 86.5X200
  • Lot Size Units: Acres
  • Parcel #: 124K C 02000 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 34800
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 34799
  • Number Of Units Total: 4
  • Annual Operating Expense: 1
  • Total Actual Rent: 2900

Tax Info

  • Tax Annual Amount: 4329

MLS Schools

  • Elementary School: East Lincoln Elementary
  • High School: Tullahoma High School
  • Middle Or Junior School: East Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Mar 28, 2023
Sold by
Brown Brian B and Brown Judith A
Bought by
Hooper Michael
Seller's Agent
Brian Brown
WEICHERT, REALTORS Joe Orr & Associates
Buyer's Agent
Von Dotson
Keller Williams Realty - Murfreesboro
List Price
$469,900
Sold Price
$413,000
Premium/Discount to List
-$56,900
-12.11%
Views
86
Current Estimated Value
$505,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,809
Avg. Annual Appreciation
8.74%

Purchase Details

Listed on
Apr 21, 2021
Closed on
Jun 1, 2021
Sold by
Layton Matthew A and Layton Rebecca S
Bought by
Brown Brian B and Brown Judith A
Seller's Agent
Joe Orr
WEICHERT, REALTORS Joe Orr & Associates
Buyer's Agent
Brian Brown
WEICHERT, REALTORS Joe Orr & Associates
List Price
$279,900
Sold Price
$275,000
Premium/Discount to List
-$4,900
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.04%
Original Mortgage
$275,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 11, 2018
Closed on
May 23, 2018
Sold by
Citizens Community Bank
Bought by
Layton Matthew A and Layton Rebecca S
Seller's Agent
W. M. Anderton
Winton Auction & Realty Co.
Buyer's Agent
Chambliss Fewell
List Price
$1,135,000
Sold Price
$195,000
Premium/Discount to List
-$940,000
-82.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.06%
Original Mortgage
$195,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 2009
Sold by
Grammer Marjorie
Bought by
Jones Eric
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hooper Michael $413,000 --
Brown Brian B $275,000 None Available
Layton Matthew A $195,000 None Available
Jones Eric $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Brian B $275,000
Previous Owner Layton Matthew A $195,000
Previous Owner Jones Eric $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2023 03/28/23 Sold $413,000 -15.7% $115 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
02/09/2023 02/09/23 Price Changed $489,900 +4.3% $136 / Sq Ft
02/09/2023 02/09/23 For Sale $469,900 +70.9% $131 / Sq Ft
06/01/2021 06/01/21 Sold $275,000 -1.8% $76 / Sq Ft
04/21/2021 04/21/21 For Sale $279,900 -75.3% $78 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
01/12/2021 01/12/21 Pending -- -- --
12/02/2020 12/02/20 For Sale $1,135,000 +482.1% $315 / Sq Ft
05/24/2018 05/24/18 Sold $195,000 -- $54 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,135 $105,840 $7,160 $98,680
2023 $4,135 $105,840 $0 $0
2022 $4,243 $105,840 $7,160 $98,680
2021 $4,329 $86,360 $6,000 $80,360
2020 $4,329 $86,360 $6,000 $80,360
2019 $4,329 $86,360 $6,000 $80,360
2018 $4,329 $86,360 $6,000 $80,360
2017 $4,576 $83,680 $6,000 $77,680
2016 $4,578 $83,680 $6,000 $77,680
2015 $4,578 $83,680 $6,000 $77,680
2014 $4,578 $83,678 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2486399

Realtracs

APN: 124K-C-020.00